Free Historical Stock Data on Marriott Intl-A
Stock Symbol: MAR
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Marriott International, Inc. is a worldwide operator and franchisor of hotels and related lodging facilities. The Company's operations are grouped into five business segments: Full-Service Lodging, Select-Service Lodging, Extended-Stay Lodging, Timeshare and Synthetic Fuel. In the Lodging business, which includes the Full-Service, Select-Service, Extended-Stay and Timeshare segments, the Company develops, operates and franchises hotels and corporate housing properties under 14 separate brand names, and it develops, operates and markets Marriott timeshare properties under four separate brand names. Marriott operates or franchises 2,718 lodging properties worldwide, with 490,564 rooms as of January 2, 2004. It also provides 2,978 furnished corporate housing rental units. The Company's Synthetic Fuel operation consists of its minority interest in four coal-based synthetic fuel production facilities whose operations qualify for tax credits based on Section 29 of the Internal Revenue Code.
For the 36 weeks ended 9/10/04, sales rose 13% to $6.96 billion. Net income from continuing operations rose 33% to $406 million. Results reflect higher timeshare interval sales and cost reimbursements and lower synthetic fuel costs.